[8-K] Minim, Inc. Reports Material Event

Rhea-AI Filing Summary

SEC Form 4 filing for Ecolab Inc. (ECL) discloses two transactions by Director David W. MacLennan on 30 Jun 2025.

• Dividend reinvestment: 126.18 common shares acquired at $0 under the company’s Non-Employee Director Stock Option and Deferred Compensation Plan, which automatically reinvests cash dividends.
• Open-market purchase: 43.23 common shares acquired at $267.48 per share.

Following these transactions, MacLennan’s direct holdings rise to 19,653.49 shares. He also reports indirect ownership of 3,500 shares through the Kathleen F. MacLennan Revocable Trust and 709 shares held in sibling trusts, bringing total reported beneficial ownership to 23,862.49 shares.

No derivative securities were involved, and no dispositions were reported. The filing was signed on 2 Jul 2025 by an attorney-in-fact.

Positive

• Net insider accumulation: 169.41 shares acquired with no dispositions reported, indicating a constructive personal outlook.
• Open-market purchase at $267.48: Cash purchase (≈$45 k) suggests director’s willingness to commit personal capital.

Negative

• Immaterial size: The acquisition represents less than 0.01% of ECL’s outstanding shares, limiting market significance.
• No strategic information: Filing offers no insight into operational performance or forward-looking plans.

Insights

Securities Analyst

TL;DR: Small insider buy reflects continued alignment but is immaterial to ECL’s share count and valuation.

Director David W. MacLennan added 169.41 shares—about 0.7% of his direct stake and <0.01% of ECL’s outstanding shares. The $45 k open-market purchase at $267.48 marginally increases insider ownership, signaling personal confidence yet lacking scale to influence liquidity or corporate governance dynamics. Because no sales occurred, the direction is modestly positive but not financially material. I classify the market impact as neutral.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 30, 2025

FiEE, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-37649		04-2621506
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

Flat A1, 29/F, Block A, TML Tower, 3 Hoi Shing Road, Tsuen Wan, N.T., Hong Kong 00000

(Address of principal executive offices, including zip code)

852-28166813

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17-CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17-CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $0.01 par value		MINM		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On June 30, 2025, FiEE (HK) Limited, a wholly owned subsidiary of FiEE, Inc. f/k/a Minim, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Hongyan Sun, Lin Lin and Suzhou Yixuntong Network Technology Co., Ltd. (“Suzhou Yixuntong”), to purchase certain fixed assets and intellectual property, including patents and copyrights, of Suzhou Yixuntong for a total purchase price of $1.4 million (the “Transaction”). The Transaction was structured as a simultaneous sign and close transaction which closed on June 30, 2025.

The Asset Purchase Agreement contains customary terms and conditions, including representations and warranties and non-competition and non-solicitation restrictive covenants that are described further in the Asset Purchase Agreement.

The foregoing description of the Asset Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Asset Purchase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets.

The disclosure provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.01.

Item 7.01 Regulation FD Disclosure.

In connection with the Transaction, on July 2, 2025, the Company issued a press release announcing the Transaction, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1.

The information contained in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Asset Purchase Agreement, dated as of June 30, 2025, by and among FiEE (HK) Limited, Hongyan Sun, Lin Lin and Suzhou Yixuntong Network Technology Co., Ltd.
99.1		Press Release of FiEE, Inc., dated July 2, 2025.
104		Cover Page Interactive Data (embedded within Inline XBRL document).

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FIEE, INC.
Date: July 2, 2025	By:	/s/ Li Wai Chung
		Li Wai Chung
		Chief Executive Officer

2

FAQ

How many ECL shares did Director David W. MacLennan buy on 30 Jun 2025?

He acquired 169.41 shares (126.18 via dividend reinvestment and 43.23 in the open market).

At what price were the open-market ECL shares purchased?

The filing lists an acquisition price of $267.48 per share for 43.23 shares.

What is MacLennan’s total direct ownership after the transactions?

His direct holdings increased to 19,653.49 ECL shares.

How many ECL shares does MacLennan own indirectly?

He reports 3,500 shares via a revocable trust and 709 shares via sibling trusts, totaling 4,209 shares.

Were any derivative securities involved in this Form 4 filing?

No. Table II shows no derivative transactions for the reporting period.

Does this insider transaction signal a major change for Ecolab (ECL)?

Given the small share count, market impact is expected to be minimal.